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Posts tagged as “businessman”

Upcoming UML-Durga Prasai showdown puts government on security alert

by Binod Ghimire in The Kathmandu Post, Nov 19, 2023.CPN-UML leaders and controversial businessman Durga Prasai, who for months have clashed verbally, are coming face to face on the streets of Kathmandu on Thursday. For a few years, Prasai had a close relationship with the UML and its Chairperson KP Sharma Oli but that didn’t last long. Bitterness in their relationship that started at the beginning of this year has reached new heights. Prasai has…

Trouble with opening LCs due to dollar crisis, Goods of 2 trillion taka imported on credit

report in Asian Age, Dhaka, Mar 19,2023Importers are not being able to open letters of credit (LCs) in Bangladesh due to dollar crisis. As a result businessmen are not being able to import necessary commodities from abroad. Under these circumstances goods of 2 trillion taka have been imported from overseas on credit. “Please give us dollars. We cannot open Letters of Credit to import raw materials.” The statement was made by a top businessman who…

UML expels Durga Prasai from the party

Report in Kathmandu Post, Feb 26, 2023The CPN-UML has expelled businessman and central committee member Durga Prasai from the party. A secretariat meeting of the party held on Saturday expelled Prasai from the party, according to UML’s Deputy General Secretary Prithvi Subba Gurung. Prasai, who was once close to the Maoists, became a representative in the UML’s statute convention held in October 2021. He had entered the party through a formal function held in Jhapa…